Slot units shipped to new casinos and expansions will be down significantly in Q4 2009 and 2010. Here is the detail.
The following chart details quarterly slot unit projections into new and expanded casinos.
Coincidentally, we project Q4 and 2010 slot unit sales into new and expanded casinos to both decline 49%. Analysts continue to project positive growth in overall slot sales in 2010. Considering replacements comprised approximately 50% of total units in 2009, replacement sales will have to explode in 2010 to keep units flat.
We haven’t forgotten about the international market. The following table lists the international casino openings and expansions.